Korean bulk and liquefied natural gas (LNG) transportation firm H-Line has signed a contract to build LNG-powered bulk carriers at Hyundai Samho Heavy Industries, according to the Ministry of Maritime Affairs and Fisheries.
The newbuildings will start operating on Korean-Australian routes from 2021 onwards.
Korea is making an effort to promote the use of LNG as a marine fuel and recognises the construction of LNG-fuelled newbuildings at local yards as part of contributions to its shipbuilding economy.
Projects by shipping firms to replace older ships of more than 20 years with LNG-powered newbuilds will be able to receive subsidies equal to between 5 to 10% of the ship price.
“We expect that the LNG bulk carrier will be a new hope for shipping and shipbuilding industries that are experiencing difficulties," said Choi Joon-wook, director of the Ocean Policy Division at the Ministry of Maritime Affairs and Fisheries.
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Published: 15 October, 2018
‘LNG has advantages over conventional fuels but is not the ideal solution to reduce CO2 emissions from ships.’
The El Coqui received around 410,000 gallons of LNG from 41 trailers in April at shipyard in multi-day operation.
Cryopeak is developing a LNG bunkering barge to be used in an articulated tug and barge configuration, while Sumimoto will provide end-to-end LNG fueling solutions.
Duo enters MoU to create a new facility dedicated to improving the safety of LNG as fuel at Busan.
Stakeholders witnessed start of construction for Singapore’s largest LNG bunker tanker on Monday morning.
‘2020 will be the biggest shock to shipping since the switch from coal to diesel,’ says Høglund Marine Services.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
